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every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over again with the sequestration here? >> sequestration is already effecting government expenditures as agencies try to guess what position they'll be in. of course they're being conservative. the deficit problem is the problem for later in this decade. the jobs problem is the problem today. and this talk of a contracti contractionary fiscal position. it is hurting the economy. >> he wantive harris? >> in the end, we've got to get our deficit under control while we grow the private sector economy. we can't do it through new taxation. you can't tax your way out of this
every day the president threatens to raise a tax or another. as long as the threat of new taxes, huge regulations from the epa hang over the private sector, we're not going to get the growth we need. >> you know one of the biggest drags on fourth quarter gdp that report showed was the reining in of defense spending as we got out of afghanistan and retracted some troops. that is what was a huge contributor to that decline in growth in the fourth quarter. now are we doing this all over...
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if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't have a general market impact, but the federal government, the justice department, a couple of left wing attorneys general, they will all sue s&p. they're probably going to sue moody's. mcgraw hill fell. they will sue s&p for being credit dummies on mortgage-backed securities and collateralized debt obligations. i don't know. is this meritorious? it seems there is no law about being stupid. they were stupid. but if you can't show intent there is no law about stupid. why do this? >> you have e-mails from s&p officials saying we sold our souls to the issuers of
if you oh mention those words it will be tax, tax, tax. i will control the public dialogue and that's all we'll e talk about. guys, fold your cards now. that's what this is about. i don't think there will be more tax hikes this year. there's also not going to be spending reform. all the talk about tax hikes is obama's way of making sure that america doesn't deal with its true problem which is its spending problem. >> i will cross that bridge when i get to it. dave goldman, this didn't...
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but he made it clear, it better include a bunch of new tax revenue. the president warning not doing this puts our economic recovery at risk. but there are a few questions all americans should be asking tonight. first, why a short-term budget? we have not had any budget for four years running. even though the law requires we have one as a country, isn't it high time we had a long-term budget plan? and that plan, of course, must finally address spending. the president himself has said we have kicked the can down the road on that front. and now we are at the end of the road. he's right. and addressing this issue begins and ends with the sober and realistic budget. house ways and means committee dave camp just told us a minute ago we must move forward on spending cuts and tax reform. he's proposing a plan to lower corporate rates. bottom line, bottom line must come together. if you want an idea of how far we are on the debt and deficit front, we've gone so far, just look at the congressional budget office report. it says our deficit for this year will onl
but he made it clear, it better include a bunch of new tax revenue. the president warning not doing this puts our economic recovery at risk. but there are a few questions all americans should be asking tonight. first, why a short-term budget? we have not had any budget for four years running. even though the law requires we have one as a country, isn't it high time we had a long-term budget plan? and that plan, of course, must finally address spending. the president himself has said we have...
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now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians all upset. it would be good for our economy. >> so far we have cut $1.5 trillion of spending over ten years and raised about $600 billion in taxes. if cutting spending helped the economy, we ought to be doing better than we're doing right now. now, i think you guys have a point about the tax increases. it matters less when you're talking about raising taxes on people who are no income or liquidity constrained, folks at the top the scale. but i take your point. i don't think it makes sense, for example, to say let's not do these cu
now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians...
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort economic behavior. good one people point to is the carried interest which allows hedge fund people to not pay the same taxes everybody else does. that's not going to bring as much money in but there may just be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson-bowles commission which said that we need to combine this kind of tax reform, closing loophole
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort...
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson/bowles commission which said that we need to combine this kind of tax reform, closing loopholes, with lowering rates, particularly lowering rates on corporate taxation so we're more competitive with the rest of the world. if we are going to expend, use up these loopholes to pay for new spending or to avoid the kind of budget cutting that we need to do or the kind of entitlement reform, i mean, some of the entitlement reform that has been proposed, a
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health...
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i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that latinos and women feel they can't join the republican party even though they agree with it, because it's excluding. >> who would you most like to see leading the party for the next election? it can be a surname, a first name. >> scott walker. >> scott walker? interesting call. good to see you. you can always come back here, we're not going to ban you or fire you. >>> coming up, we'll talk about what dick morris just said, about the future of the republican party. kerry kennedy joins me live to talk about guns in america. oh! progress-oh! [ female announcer ] with
i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that...
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now that the taxes have been raised on rich people, you've got a simple fight with obama, more spending against less, more debt against less, and the republicans can win that fight. but they've got to start victimize -- stop victimizing latinos and women. start with the latinos. they're a republican voter base. that group is going to vote like all the other immigrant groups do, as they move up, they'll become more republican. and i know because i ran the last two successful presidential campaigns in mexico. and in both of them the conservative, fox and calderon, won. and they are pro family, anti-debt, and incredibly worried about illegitimacy and crime and all that. but they feel that the republican party hates them. >> why -- >> and the rubio bill has got to pass for them -- for the republicans ever to access that vote. >> what people are asking is why are fox not interested now in your views on where the republican party should go? >> i don't know what fox is interested in or not. >> they must have told you. >> well, i had a wonderful talk with roger a yles, who i really respect a we
now that the taxes have been raised on rich people, you've got a simple fight with obama, more spending against less, more debt against less, and the republicans can win that fight. but they've got to start victimize -- stop victimizing latinos and women. start with the latinos. they're a republican voter base. that group is going to vote like all the other immigrant groups do, as they move up, they'll become more republican. and i know because i ran the last two successful presidential...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> change is coming, the postal service is stopping saturday delivery of your cards and letters which started way back in 1863, has been uninterrupted for more than half a century. cnn's national political correspondent jim acosta has details for us. jim, this is a major decision by the postal service. saturday delivery started in 1863? >> this is a big change, wolf. the unofficial motto is, neither senator nor rain nor heat of the night keeps the couriers from their rounds except you can add to that letters on saturday. you've got mail, but soon probably not on saturdays. starting in august, the u.s. postal service is holting delive holting letters. package delivery will continue. it
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> change is coming, the postal service is stopping saturday delivery of your cards and letters which started way back in 1863, has been uninterrupted for...
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. >>> a connecticut lawmaker who represents the newtown district is calling for a sin tax on violent video games. state representative debra lee hovey, a republican whose district includes sandy hook is proposing a bill that calls for a 10% tax on games rated mature with the proceeds funding mental health education about the dangers of violent entertainment. >>> are you old enough to vine? twitter's video watching and sharing application has been slapped with a 17 plus rating after several porn clips were uploaded. one of them accidentally ended up on the editor's picks page. that was quickly taken down. the year-old app was originally targeted to tweens 12 and up. >>> check out these cool pictures from nasa taken from the space station. you're looking at the caribbean sea near the northwest coast of trinidad. do you see those ripples? those are underwater waves or internal waves, as they call them. they're moving slowly hundreds of feet, hundreds of feet beneath the surface. they produce enough of the effect to be seen from space but only when the sunlight is reflected just right, l
. >>> a connecticut lawmaker who represents the newtown district is calling for a sin tax on violent video games. state representative debra lee hovey, a republican whose district includes sandy hook is proposing a bill that calls for a 10% tax on games rated mature with the proceeds funding mental health education about the dangers of violent entertainment. >>> are you old enough to vine? twitter's video watching and sharing application has been slapped with a 17 plus rating...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. . >>> monopoly fans, check this out. your voices have been heard voting online for your favorite tokens, the iron got the least votes, has been officially bumped now from the game. sadly the iron -- it was a board piece since 1935. it is being replaced by this, look at that cute little cat. the cattle make its debut later this year. the company wanted to update the game with a token that was more representative of today's monopoly players. all you cat lovers out there. in case you are wondering, the dog got the most votes. >>> chris brown heads back to court today. he is facing accusations that he lied about finishing the community service assigned to him. that was after the 2009 beati
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. . >>> monopoly fans, check this out. your voices have been heard voting online for your favorite tokens, the iron got the least votes, has been officially...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> want to get you right back to the live pictures here in minneapolis. here he is, the president of the united states, speaking in minneapolis, taking the national conversation of gun control to the people. >> i've gotten soft over the last four years. when i was in chicago, this was nothing. now it's something. but i'm grateful for all of you being here today. i want to thank chief hartow and the entire minneapolis police department for having me here today. there are a number of other people i want to acknowledge here. first of all, a wonderful man and one of america's greatest public servants is here, walter mondale, former vice president. your outstanding governor, mark dayton, is here. two great mayors, mayor artie rybak of minneapolis, and mayor chris coleman of st. paul. and your outstanding congressional delegation senator amy klobuchar, senator al franken, representative kei
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> want to get you right back to the live pictures here in minneapolis. here he is, the president of the united states, speaking in minneapolis, taking the national conversation of gun control to the people. >> i've gotten soft over the last four years. when i was in chicago,...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. . >>> 11 minutes past the hour.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> let's get back to one of our top stories. in southern california, a manhunt is under way for a fired los angeles policeman suspected in a series of attacks that has already left two people dead and one wounded. it all started on sunday. police say christopher jordan dorner shot and killed two people in irvine. then, last night he attempted but failed to steal a boat in san diego. at 1:25 a.m. this morning california time he got into a shootout with police in chino but got away. two hours later he misled in riverside. he is still at large. to learn more, let's bring in joe johns. joe, there's some pretty sophisticated weapons. what do we know? >> from a law enforcement standpoint, i
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> let's get back to one of our top stories. in southern california, a manhunt is under way for a fired los angeles policeman suspected in a series of...
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he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the average american is scared to death that they will get sick in iraq and they will not be covered. we have inequities that we could fix with the tax structure. it is a matter of political will and >> edward, caller. -- host: edward. caller: thank you for taking my call. representative, i have been around for a while, and george palestra -- george bush did not inherit a surplus. it was on paper. as far as him going along with spending programs, i do think he was trying to appease the democrats. i thought it was wrong then. when
he began to give tax breaks. the original tax breaks of george bush, along came 9/11, then you were into war in afghanistan. and these are all things that we did while in iraq, and then all these things we did. we need to pay taxes and do it fairly. it is not fair right now when the top .10 of one percent is accumulating money at a rate that is unbelievable for those of us in the lower half of the economic ladder. the number one cause of bankruptcies in this country is healthcare bills. the...
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income tax. as a retiree living on a modest pension pay federal and state tax. i think this is all a ploy on the republicans to do away with social programs that it could not get done legislatively. what they do is they start starving the beast of all of its money so they can get programs cut. they have been trying to get to social security since its inception. it is a shame that people put toy is a dollar overseas and untaxed. you have all this -- people put trillions of dollars overseas and untaxed. this is part of the extreme white ring -- extreme right wing agenda. host: you say your daughter could lose 20% of purse salary. what does she do? caller: she works for the navy. she is losing one day of play every week when this takes effect. that is 20% of first colony. how do they expect people to take -- that is 20% of her salary. the kochbrothers -- koch tothers' income increased $20 billion under bush. guest: these people will be furloughed for a period of time and will not get paid. this is s
income tax. as a retiree living on a modest pension pay federal and state tax. i think this is all a ploy on the republicans to do away with social programs that it could not get done legislatively. what they do is they start starving the beast of all of its money so they can get programs cut. they have been trying to get to social security since its inception. it is a shame that people put toy is a dollar overseas and untaxed. you have all this -- people put trillions of dollars overseas and...
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taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent, we have people who are heading up are six committees, senators sessions, mccain, gramm, a -- ayotte and others on the committee. it has been my strategy in the past use this town to make sure they are the ones who will be driving it. senator ayotte. it will not be a one-man show. senator ayotte is the one who has been driving this so far. with this, the bill, which will explain what we will be doing with that. kelly? >> thank you, senator inhofe. i want to for thank senator mckeon and my colleagues senators mcca
taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent,...
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no, they do not pay taxes. if they want to get into the debate, taxes like everybody else. all this moral authority that people keep throwing around -- mind your business. if you do not want to take birth control pills, don't take them. if you do not want the bothered with the morning after, don't do it. but we really do not have a right to tell somebody else what to do with their own bodies. these states want to cut funds to medicaid, which takes care of poor children, sick children, and yet the catholic church -- i'm not catholic -- those of us who are not catholic, catholics do not take it. the rest of us, we take it. i pay for the oil companies to get all kinds of rebates and all of this business. i do not want to do that. it is part of my obligation as a citizen of this country. host: this is one of the editorials this morning in the new york times -- back to the phones. rosella in new york, on our line for republicans. you are on the "washington journal." caller: good morning. i have been watching this debate -- is quite controversial, obviously, regarding coverage fo
no, they do not pay taxes. if they want to get into the debate, taxes like everybody else. all this moral authority that people keep throwing around -- mind your business. if you do not want to take birth control pills, don't take them. if you do not want the bothered with the morning after, don't do it. but we really do not have a right to tell somebody else what to do with their own bodies. these states want to cut funds to medicaid, which takes care of poor children, sick children, and yet...
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you stat can't tax that for property tax and that sort of thing. so it has an impact upon the area, right. so how is the federal government since it's impacting the area going to compensate? she gets compensation through impact aid for the kids in the school, other areas for other services. it goes to an earlier point. sequester is not the best way in order to -- for us to do what we need to do, which is to live within our means. live with a budget that essentially gets balanced. make sure that revenues equal expenditures sometime over time. it's not the best way. and really we don't want to go there. republicans don't want to do it and the democrats don't want to do it. we would much prefer to be able to come up with targeted cuts in some of the callers have suggested some areas where we could target. we would much, much, much prefer be able to say this is where we should cut and this area we should not cut. and we are eager, more than eager to have the administration lay out some of their proposals so we can reach some sort of agreement. we are w
you stat can't tax that for property tax and that sort of thing. so it has an impact upon the area, right. so how is the federal government since it's impacting the area going to compensate? she gets compensation through impact aid for the kids in the school, other areas for other services. it goes to an earlier point. sequester is not the best way in order to -- for us to do what we need to do, which is to live within our means. live with a budget that essentially gets balanced. make sure that...
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i'm sure he has a great deal to address as he takes this important and challenging tax -- task. >> one more for me before we move around a table. as you know, your foreign minister did a talk on the council on foreign relations, moderated by the "the new york times" and while there, she said in terms of the policy toward afghanistan that the united states is leading with unclear objectives. and she said the border with pakistan has become less well managed. you described a very constructive, happy relationship. is our policy in terms of afghanistan one of these four points? >> -- a the sore points? >> i am looking at what we are addressing now. as a drawdown approaches, there are clear worries about how responsible this exit will be. we are, of course, invested in making and ensuring that the region remains as stable and peaceful as possible. i think it is perfectly easy to understand why there is a calendar of imminent anxieties attached to this drawdown. and these anxieties are informed by our encounters with the united states in relation to afghanistan 30 years ago. and we are still
i'm sure he has a great deal to address as he takes this important and challenging tax -- task. >> one more for me before we move around a table. as you know, your foreign minister did a talk on the council on foreign relations, moderated by the "the new york times" and while there, she said in terms of the policy toward afghanistan that the united states is leading with unclear objectives. and she said the border with pakistan has become less well managed. you described a very...
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otherwise it is tax-free. but my concern is that even in the bank today the inflation alone begins to take your money in. you have to engage and participate. i think that all of us need to do if a little bit more. that is my comment. host: fred, independent line, maryland. caller: this is more of a question. the benefits of companies and their retirement packages, companies that come in, like ing, putting it on retirement packages, the people that go in to sell it, they make a large percentage of those sales, that is how they make their income. i do not understand benefits for a worker when such a large amount of money is detracted from the to pay their sales goals. host: do you have a personal strategy when it comes to retirement? host: i have a 401k. i also invest in five specific stocks. everything is a long-term plan. host: another chris joins us, from san francisco, california. democratic line. caller: i was pretty much forced into retirement, lost my job in 2008 and i have been looking for full-time work
otherwise it is tax-free. but my concern is that even in the bank today the inflation alone begins to take your money in. you have to engage and participate. i think that all of us need to do if a little bit more. that is my comment. host: fred, independent line, maryland. caller: this is more of a question. the benefits of companies and their retirement packages, companies that come in, like ing, putting it on retirement packages, the people that go in to sell it, they make a large percentage...
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it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong. and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress. the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spend
it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this...
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Feb 7, 2013
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we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our costs and why we have been so vocal about seeking postal reform legislation. we faced a major hurdle to return to profitability and long-term stability. we need to generate $20 billion in cost reductions and revenue increases to close the budget gap and be able to repay our debt, both close the gap and repay the debt. and this is why the board of governors has directed us to take every necessary step to reduce costs and conserve cash necessary to continue our operations. it's what we have been doing consistently over t
we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our...
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Feb 6, 2013
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we just raised taxes. we just put more revenue into the mix, $650 billion over 10 years and got no cuts, no cuts. and the gentleman talked about 98 -- the 2001, 2003 tax cuts without paying for them. we just extended most of those tax measures and relief to people under $400,000 with no cuts. nothing. again i don't think it's right to be saying that we need more revenues. we already did revenues, right? we already have $650 billion. why does the gentleman continue to think, mr. speaker, that that's what we have to keep doing? it's not the answer. let's get to the problem that is causing the mounting deficits. it's a lack of growth and it's the spending that's out of control. i yield back. mr. hoyer: we are not going to resolve this argument, mr. speaker. it's the same litany on both sides. the difference is the gentleman cannot name a bipartisan commission that doesn't say that we need both sides of the equation addressed if we are going to get from where we are to where we need to be. and my side, we have
we just raised taxes. we just put more revenue into the mix, $650 billion over 10 years and got no cuts, no cuts. and the gentleman talked about 98 -- the 2001, 2003 tax cuts without paying for them. we just extended most of those tax measures and relief to people under $400,000 with no cuts. nothing. again i don't think it's right to be saying that we need more revenues. we already did revenues, right? we already have $650 billion. why does the gentleman continue to think, mr. speaker, that...
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Feb 8, 2013
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do you believe the tax and the said debate is harmful? -- the tax debate is harmful? >> going from one of these to another, going from the fiscal cliff to the -- to sequestration, i think that is disruptive. our competitors are siemens are people like that. if i quit for six months, my global competitors will kill me. these are the people we think are the heart of the u.s. economy, whether you are republican or democrat, you say you like and those of the ones -- those of the ones that call. this can only be solved here. this may be a case where -- it would be great to get resolution. >> large companies like yours would benefit more from corporate tax reform, especially going to church -- territorial surpluseplaces. it looks like corporations are doing pretty well if you look at profits. what is the case? >> would it be unfair for me to ask for? >> i do not think it is. just give me a playing field where i can do the things you want me to do. we should have a tax system that allows us to compete with relative competitors. that's all i would ask for. the same system tha
do you believe the tax and the said debate is harmful? -- the tax debate is harmful? >> going from one of these to another, going from the fiscal cliff to the -- to sequestration, i think that is disruptive. our competitors are siemens are people like that. if i quit for six months, my global competitors will kill me. these are the people we think are the heart of the u.s. economy, whether you are republican or democrat, you say you like and those of the ones -- those of the ones that...
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Feb 8, 2013
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a tax holiday ends so consumers are sprinting, says "the wall street journal." there is this story and "the washington post" that says retail sales are rising these days. we will dig more into that over the coming weeks as we look at consumer spending. our question this morning is about drone strikes. government secrecy and the public's right to know. how do you prioritize those? we will go to al in atlanta on the republican line. what do you think? caller: i think that the drone program is one of the best programs in the world. most people when you realize -- do not realize, when you are in war, it is killed or be killed. when i served in vietnam, that is the attitude i had. the decision -- we should let the decision maker make a decision about terrorism because of the bill make a decision, what would happen is we would have lives in this country -- they will come into this country and terrorized the citizens of the united states. that is all i got to say. host: how much do you think the public should know about the government's decision? caller: i think it sho
a tax holiday ends so consumers are sprinting, says "the wall street journal." there is this story and "the washington post" that says retail sales are rising these days. we will dig more into that over the coming weeks as we look at consumer spending. our question this morning is about drone strikes. government secrecy and the public's right to know. how do you prioritize those? we will go to al in atlanta on the republican line. what do you think? caller: i think that the...
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Feb 7, 2013
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way to create a more hopeful world for our children, how we will reduce our deficit, what kinds of tax plans will have, how we will make sure every child is getting a good every child, it is encouraging to me that you turned out so well by your mom not letting you watch tv. i am going to tell my daughters that when they complain. [laughter] in the midst of all these debates, we must keep that same humility that dr. king and lincoln, washington and all our great leaders, understood, is at the core of true leadership. a democracy as big and as diverse as ours, we will encounter every opinion, and our task as citizens, whether we are leaders in government or business or spreading the word, it is to spend our days with open hearts and open minds, to seek out the truth that exists in the opposing view, and find a common ground that allows for us as a nation, as a people to take real and meaningful action, tnd we have to do that, humbly, and we have to do it every day, not just at a prayer breakfast. i have to say this is now our fifth prayer breakfast, and it is always just a wonderful even
way to create a more hopeful world for our children, how we will reduce our deficit, what kinds of tax plans will have, how we will make sure every child is getting a good every child, it is encouraging to me that you turned out so well by your mom not letting you watch tv. i am going to tell my daughters that when they complain. [laughter] in the midst of all these debates, we must keep that same humility that dr. king and lincoln, washington and all our great leaders, understood, is at the...
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Feb 1, 2013
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i will not quiz you on 841, so you can take a deep breath. 841 is designed to protect americans' tax dollars from corrupt contracts that benefit the enemy. we are working in provisions that will make more effective the procedures for terminating those contracts, getting back american dollars, extending those protections to non-defense dollars, and i hope that we can have your commitment to work with us on that area. >> you have that commitment. i will enthusiastically work with you in this area. >> thank you. i appreciate your frank and forthright answers, and i do not know whether i will be here for the second round of questioning, but i want to express my sincere gratitude to you for your willingness to serve and your patience and forthrightness in entering all our questions. thank you. >> thank you, senator blumenthal. >> thank you, senator hagel, for being here today and thank you for your service to this country. it is good to see your wife and brothers behind you as an indication of the family commitment as well as your personal commitment. there are several things i may get to
i will not quiz you on 841, so you can take a deep breath. 841 is designed to protect americans' tax dollars from corrupt contracts that benefit the enemy. we are working in provisions that will make more effective the procedures for terminating those contracts, getting back american dollars, extending those protections to non-defense dollars, and i hope that we can have your commitment to work with us on that area. >> you have that commitment. i will enthusiastically work with you in...
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Feb 6, 2013
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two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and beachy in the 1990's the usa tax , a second idea that was very popular with the so-called flat tax that was a book by professors hall at stanford originally published in 1982, a was not an original idea with them. it came from milton friedman book capitalism and freedom where he has a chapter of the ideal income-tax. the ideal income tax he describes is actually the flat tax which is actually consumption tax. the city was picked up by house majority leader dick armey and by presidential candidate steve forbes in the 1990's, again, like all these other plans to make di
two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and...
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our tax is 12 to 5% corporate tax. it is across the entire spectrum. the tax regime in europe in general helps us to make decisions about tax rates per it is clear and transparent. it is generally used by country. our international competence is not changing. >> precisely -- precisely because the world is changing, we need to he does. which tasks should be dealt with. i think there should be a debate or example, i would like to talk with my colleagues on the area of occupational health and safety. there is so much that has been dealt with. very much in terms of rules and legislations. it is like hotel california, you can check out, but you can never leave. it is very much at this level. i do not agree when someone asks for specific favors for one country. it should he level at the end of the day. both on the european level and the a national level. i agree with david's comments yesterday in terms of making the union more efficient. you should also look at competitiveness. getting the engine going. between the united states and europe, i think it is vit
our tax is 12 to 5% corporate tax. it is across the entire spectrum. the tax regime in europe in general helps us to make decisions about tax rates per it is clear and transparent. it is generally used by country. our international competence is not changing. >> precisely -- precisely because the world is changing, we need to he does. which tasks should be dealt with. i think there should be a debate or example, i would like to talk with my colleagues on the area of occupational health...
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tax. with us today is erin shucosky. she has been a clinical nurse for 30 years in baltimore. she spent the last ten years coordinating the research on a study to approve a new replacement discs to treat patients suffering from crippling neck and back pain. over time, erin discovered that she suffers from the very condition that her work aimed to treat. on her days off, aaron would -- erin would spend time at her daughter's game, barely able to move, and then would have to good home and spend most of her time there with an ice pack on her neck. she went in for surgery and got the new disc replacements. erin is with is in a cervical color today -- cervical collar today but shes on the mend. the new medical device tax in obama care makes it harders for researchers to develop those devices in the united states and makes its hard for patients like erin to get the care they need. obamacare is unnecessarily raised the cost of health care. even those with preexisting conditions could get the cove
tax. with us today is erin shucosky. she has been a clinical nurse for 30 years in baltimore. she spent the last ten years coordinating the research on a study to approve a new replacement discs to treat patients suffering from crippling neck and back pain. over time, erin discovered that she suffers from the very condition that her work aimed to treat. on her days off, aaron would -- erin would spend time at her daughter's game, barely able to move, and then would have to good home and spend...
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tax. aaron czajkowski has been one that's been so many years in baltimore. she treats patients suffering from crippling neck and back pain. over time, she discovered that she suffered from the very condition that she treats. she went in for surgery and god were she got her hip replaced. thankfully she's on the mend. obamacare makes it hard for those research innovation in the united states and patients like this woman to get the care that they need. obamacare unnecessarily raises the cost of health care. even those who have pre-existing conditions could get the coverage they need without a trillion dollar government program costing all of us more. that is only the tip of the iceberg when we talk about health care reform. many families like mine are dealing with the challenges presented by aging and very sick parents. they rely on medicare for relief. the government and medicare have not kept pace. medicaid is not doing any better. collectively, states are spending more on medicaid than the
tax. aaron czajkowski has been one that's been so many years in baltimore. she treats patients suffering from crippling neck and back pain. over time, she discovered that she suffered from the very condition that she treats. she went in for surgery and god were she got her hip replaced. thankfully she's on the mend. obamacare makes it hard for those research innovation in the united states and patients like this woman to get the care that they need. obamacare unnecessarily raises the cost of...
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tax dollars do not go to support the post office. at the same time, times have changed as we just talked about. more and more people, fewer people using the post office as their number one means of communication. so they're just not sending as much mail. they're not buying as many stamps. no matter how high you raise the price of a full prize staff it won't -- full price stamp it won't balance out. the congress has refused to pass any postal reform so the post office is still stuck with this obligation, get this, they're obliged to put money into the bank every year for future pensions. not pensions for the people who are already collecting a pension. but to put that money aside for people who work for the post office and will collect a pension in the future. $5.5 billion a year! they've been asking to get out from under that burden. no other government agency has that same requirement. but for some reason, the stupid congress put this burden on the post office. making it impossible for them, really to balance their books. even john
tax dollars do not go to support the post office. at the same time, times have changed as we just talked about. more and more people, fewer people using the post office as their number one means of communication. so they're just not sending as much mail. they're not buying as many stamps. no matter how high you raise the price of a full prize staff it won't -- full price stamp it won't balance out. the congress has refused to pass any postal reform so the post office is still stuck with this...
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Feb 6, 2013
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obama is calling on congress as bill mentioned earlier, to quickly pass a package of spending cuts and tax increases in an effort to head off a new round of military cuts kicking in march 1st. the president wants congress to delay those cuts for at least another few months while republicans are so far dismissing his appeals for new revenue. more bill is up next. [ music ] >> broadcasting across the nation, on your radio and on current tv this is "the bill press show." >> bill: president obama says the sequester is looming. congress better get busy and fix the damn thing. hello, everybody. what do you say? it is wednesday, wednesday, february 6th. this is the full court press on your local t.v. your progressive talk radio station and on sirius xm. thank you for joining us on a brings news day. lots of big stories particularly here in washington yesterday. most of the talk was about the department of justice white paper on drones which where we started our show yesterday. we were the first ones to talk about it. it dominated the news and the white house briefing. we will talk about that. the
obama is calling on congress as bill mentioned earlier, to quickly pass a package of spending cuts and tax increases in an effort to head off a new round of military cuts kicking in march 1st. the president wants congress to delay those cuts for at least another few months while republicans are so far dismissing his appeals for new revenue. more bill is up next. [ music ] >> broadcasting across the nation, on your radio and on current tv this is "the bill press show." >>...
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Feb 5, 2013
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a, they haven't shown these tax filings to anyone else. this part of a personal friendship that blossomed from dan cathy and the campus lgbt pride. and they have not advertised it widely. dan cathy was out there saying i think my statement versus been mischaracterized. so i think it's too soon to go back for the chicken. >> and if you said it was okay, i wasn't even finishing the segment. >> that's exactly right. please keep us posted. >> i think it's important to remember there is a difference between being able to have a good conversation and have knows experiences and having made a difference in the change of their policies. >> well, let's keep fingers crossed. thanks shana. aire wejayar, we watched the super bowl together. >> the party was so crazy i missed a few of the commercials. but this is a good opportunity to run through the best ones and worst one depending on your point of view. i missed this. the dodge ad with the farmer. let's check that one out first. >> god said i need someone willing to get up before dawn, milk cows work
a, they haven't shown these tax filings to anyone else. this part of a personal friendship that blossomed from dan cathy and the campus lgbt pride. and they have not advertised it widely. dan cathy was out there saying i think my statement versus been mischaracterized. so i think it's too soon to go back for the chicken. >> and if you said it was okay, i wasn't even finishing the segment. >> that's exactly right. please keep us posted. >> i think it's important to remember...